Stocks to Watch: India Cements, Indraprastha Gas Show Strength; Market Signals Mixed

Mumbai: Dalal Street witnessed a soft session on Wednesday as both major indices ended lower amid continuous selling pressure from foreign investors. The BSE Sensex fell 120.21 points, closing at 84,559.65, while the NSE Nifty dropped 41.55 points to finish at 25,818.55—its lowest level in a week.

Market Snapshot:
During trading, the Sensex touched a low of 84,415.98, down 263.88 points at one stage. Among Sensex constituents, Trent saw the steepest fall of 1.61%, followed by HDFC Bank, Adani Ports, ICICI Bank, Bajaj Finserv, Bharat Electronics, Titan, and Asian Paints. On the upside, State Bank of India rose 1.51%, while Infosys, Axis Bank, and Maruti Suzuki also gained.

Stocks Showing Buying Interest:
Investors are showing strong buying interest in several stocks, including India Cements, Indraprastha Gas, Reliance Infrastructure, Kirloskar Oil, Swan Energy, Reliance Power, and Aditya Birla Fashion & Retail. These stocks have crossed their 52-week highs, signaling potential bullish momentum.

Stocks Showing Weakness:
On the other hand, technical indicators like MACD have flagged bearish signals for Akzo Nobel India, Saregama India, Indian Overseas Bank, HBL Power, Ola Electric Mobility, Data Patterns (India), and Shipping Corporation of India, suggesting potential downward movement in these stocks.

Disclaimer: The stock recommendations mentioned here are based on analysis from individual analysts or brokerage firms and do not represent NBT’s advice. Investors are advised to consult certified financial experts before making investment decisions, as market conditions can change rapidly.

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